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The world braces as Trump announces sweeping tariffs

2025-04-02 08:06:00, Kosova & Bota CNA

The world braces as Trump announces sweeping tariffs

Plans for comprehensive tariffs will be unveiled by the president this Wednesday, on what the White House has dubbed "Liberation Day."

Earlier, Trump said the tariffs would be reciprocal, so he would charge countries what they charge the United States.

It is not clear which countries the tariffs will affect, or whether they will be the same for everyone.

But, a new 25% import tax on cars entering the US will take effect tomorrow, and car parts will face the same tax at some point in the coming months.

Some tariffs have already been implemented, in March a flat tariff on all steel and aluminum entering the United States was increased to 25%. Trump has also already raised tariffs on all goods imported from China to 20%.

Canada has responded to the tariffs by imposing a 25% tax on American steel and aluminum, as has China with a 10-15% tax on some American agricultural goods.

The EU has warned that it is ready to retaliate, while the UK has said it is prepared for the worst./ CNA





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